EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $10.03, for a total transaction of $100,300.00. Following the completion of the sale, the president directly owned 2,045,448 shares in the company, valued at $20,515,843.44. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Matthew David Feierstein also recently made the following trade(s):
- On Wednesday, July 8th, Matthew David Feierstein sold 1,798 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $17,980.00.
- On Wednesday, July 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.34, for a total transaction of $103,400.00.
- On Tuesday, June 30th, Matthew David Feierstein sold 5,179 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $51,893.58.
- On Wednesday, June 3rd, Matthew David Feierstein sold 1,052 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $10,572.60.
- On Monday, June 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total transaction of $112,600.00.
- On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.83, for a total transaction of $54,150.00.
- On Monday, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total value of $118,700.00.
- On Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.94, for a total value of $119,400.00.
EverCommerce Price Performance
EVCM stock traded down $0.10 during mid-day trading on Wednesday, hitting $9.97. 141,457 shares of the stock were exchanged, compared to its average volume of 153,563. The business has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.99. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 0.90 and a beta of 0.93.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Finally, The Goldman Sachs Group lowered their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.25.
Get Our Latest Stock Analysis on EVCM
Institutional Investors Weigh In On EverCommerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Prudential Financial Inc. boosted its position in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the period. Oxford Asset Management LLP purchased a new position in shares of EverCommerce in the second quarter valued at about $168,000. BNP Paribas Financial Markets increased its position in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce during the fourth quarter valued at about $177,000. Finally, Wells Fargo & Company MN raised its stake in shares of EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.
About EverCommerce
EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.
The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.
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